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icbs ltd (ICBT) Snapshot

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icbs ltd (ICBT) Details

ICBS Limited provides mergers and acquisitions advisory services; and also invests in various businesses. The company, formerly known as Telemax Global Communications Inc, was incorporated in 2006 and is based in Île-Perrot, Canada.

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icbs ltd (ICBT) Key Developments

Canwealth Minerals and ICBS Receive Second Set of Assay Results for the Highland Gold Property

Canwealth Minerals Corporation and ICBS Ltd. announced the second set of assay results for the Highland Gold property received Sept 12, 2012. As expected the assay results are consistent with previous results of Aug. 22, 2012. Based on these results a further expansion of the grab sample area has been planned to the east and south of "on surface" grab samples # 006HG .005 Gold, #007HG .006 Gold and # 024HG .011Gold. This includes trace amounts of palladium and platinum. The work will be performed within the next 3 weeks with a standard geophysical and lithology study of the out croppings in the surrounding area. The work will give the companies a better understanding of the expanded area for its mineralization and to determine the surface geometry for a more defined multi hole drill target campaign as defined under National instrument 43-101. As noted, over the past 2 years it has been documented that every available mineralized orogenic gold zone of this type also known as epithermal or mesothermal veins have been staked by other high profile gold mining companies. Veins of this type can range in thickness from a few centimetres to four meters. These vein structures can be several hundred meters long and extend to depths in excess of 5km. Mineralization commonly occurs in shoots within the vein structures. Based on historical production gold grades have been in the range of 10.0-17.1 g/t. The Highland Gold property is located in the Townships of Poirier and Dalet approx. 78 km north of Amos Quebec in the prolific Abitibi Greenstone Belt. The claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 40 claim cells totaling 5555 acres. The claim area includes a mountain range 4.8km by 2.1km with an elevation of 448 m of unexplored area. The 40 claim cells are located well within the Abitibi Green Stone belt zone of the Grenville province. This orogenic geological structure is considered a highly favourable site for the exploration of Gold, Platinum and Palladium. The decision to stake the Highland Gold property's location is apparent and is further supported by the close proximity of some of the biggest names in the mining industry.

Canwealth Minerals Corporation and ICBS Ltd. Announce Positive Assay Results for Gold, Silver on the Highland Gold Property

Canwealth Minerals Corporation and partner ICBS Ltd. announced the completion of its first phase sample program for the Highland Gold property. The program was completed on schedule with 25 on surface samples being taken during the month of July. A litho-logical study was performed. 25 targets were identified as a base to better understand the underlying geology for the selected area. Fifteen selected samples were sent to AGAT Laboratories July 23, 2012 for analysis. Of the 15 samples 001Highland Gold assayed 005g of Gold, 1.02g of Silver, Sample 005HG .042g Gold and .005g Palladium and sample 018HG .034g Gold and .004g of Palladium. All samples contain base metal credits for aluminum, cobalt, chromium, copper, manganese and vanadium. The assay results are consistent with this type of VMS (volcanogenic massive sulfide) geology and the study supported the lithology for the region. The remaining ten samples will be sent Aug. 28, 2012. An updated sample program has been planned for September based on these latest results. The plan will include an expansion of the study area to better understand the lithology of the area. The Highland Gold property is located in the Townships of Poirier and Dalet approx. 78 km north of Amos Quebec in the prolific Abitibi Greenstone Belt. The claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 40 claim cells with a total area of 5555 acres located well within the Abitibi Green Stone belt of the Grenville province. The claim area includes a mountain range 5.0km by 3.6km with an elevation of 448 m of physically unexplored area.

ICBS Mulls Acquisitions

ICBS Ltd. completed the first phase sample program for the Highland Gold property and also plans further properties acquisitions. The company continues to follow its plan to acquire properties/claims of known mineral potential for gold, silver, PGE, base metals and rare earth elements for advanced exploration and development stages.

 

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